Advait BESS Secures 150 MW/300 MWh Standalone Energy Storage Project with GUVNL
Advait BESS Bhesaan Private Limited, a subsidiary of Advait Energy Transitions Limited, has executed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL). The agreement covers the development of a standalone Battery Energy Storage System (BESS) Project with an aggregate capacity of 150 MW/300 MWh.The BESPA was executed on June 1, 2026. This transaction follows a tariff-based competitive bidding process conducted by GUVNL under Phase-VIII, which was supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF).
Under the terms of the agreement, Advait BESS Bhesaan Private Limited will be responsible for developing, owning, and operating the Standalone BESS Project. The facility is planned for the vicinity of the 220kV Bhesan AIS S/S (150 MW/300 MWh) substation of GETCO, located in the State of Gujarat. The project will make the contracted battery energy storage capacity available to GUVNL on a long-term basis.
The contract, which defines the relationship between the parties, specifies several key parameters, including the duration and the awarding entity.
A summary of the core project details includes:
| Particulars | Details |
|---|---|
| Awarding Entity | Gujarat Urja Vikas Nigam Limited (GUVNL) |
| Nature of Contract | Battery Energy Storage Purchase Agreement (BESPA) |
| Tender Basis | GUVNL Phase -VIII tender |
| Project Capacity | 150 MW/300 MWh Standalone BESS |
| Contract Term | 12 years from the effective date of signing of the BESPA |
| Promoter Interest | None |
| Related Party Transaction | No |
ADVAIT Stock Price Movement
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